Franklin India Money Market Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 49.4013   0.0157(0.032 %) NAV as on 21 Nov 2024
Prime Rating: 4 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 2,458.17
Fund category:
Money Market
Fund manager(s):
Rohan Maru, Chandni Gupta, Rahul Goswami
Benchmark:
Nifty Money Market Index
Minimum investment:
₹ 10000
Launch date:
01 Jan 2013
Min. additional investment:
₹ 1000
Expense ratio:
0.14 %
Exit load:
Nil

Scheme Objective: To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.


Performance (As on 21 Nov 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.12 % 1.88 %3.80 % 7.77 % 6.46 %5.89 % 7.47 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
Canara Bank (11-Mar-2025) **
Certificate of Deposit
6.1%
CRISIL A1+
364 DTB (20-Feb-2025)
Treasury Bills
4.91%
SOVEREIGN
Export-Import Bank Of India (11-Feb-2025)@
Commercial Paper
4.91%
CRISIL A1+
Indian Bank (13-Mar-2025) **
Certificate of Deposit
4.88%
CRISIL A1+
Axis Bank Ltd (05-Jun-2025) **
Certificate of Deposit
4.79%
CRISIL A1+
364 DTB (31-Jul-2025)
Treasury Bills
4.78%
SOVEREIGN
Godrej Housing Finance Ltd (07-Feb-2025) **@
Commercial Paper
3.68%
CRISIL A1+
Punjab National Bank (25-Feb-2025) **
Certificate of Deposit
3.67%
IND A1+
Union Bank of India (27-Feb-2025) **
Certificate of Deposit
3.67%
IND A1+
Aditya Birla Finance Ltd (14-Mar-2025) **@
Commercial Paper
3.65%
ICRA A1+

About this category

Money market debt funds invest in money market instruments such as commercial paper, certificate of deposits and treasury bills. While their average maturity can vary, it tends to hold around or below 1 year. These funds may deliver losses on a day-to-day basis but are generally low volatile. While most funds pick instruments that have a high credit rating, some can go into papers with lower credit ratings in order to deliver higher return.

Suitability

These funds suit any investor with investment horizons of 6 months to a year. Ensure that funds do not have a high share of low-rated debt. These funds can also be used to maintain emergency money as well.

Taxation
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